Save Article

Oil Surges to One-Month High as Mideast Worries Grow

NEW YORK—Crude-oil futures jumped 2.7% Monday after fighting between Israel and Palestinian militants intensified, raising the threat of a broader conflict in the oil-rich Middle East.

Israeli airstrikes Monday hit crowded areas of the Gaza Strip, targeting the homes of Hamas activists and raising the Palestinian death toll to more than 90. Meanwhile, Hamas fighters fired dozens more rockets at Israel. Thousands of Israeli troops are gathering on the Gazan border in preparation for a ground invasion even as regional leaders...